LIC Housing Finance gains on eyeing to raise at least Rs 200 crore via bonds

20 Dec 2011 Evaluate

LIC Housing Finance is currently trading at Rs. 214.85, up by 0.45 points or 0.21% from its previous closing of Rs. 214.40 on the BSE.

The scrip opened at Rs. 216.00 and has touched a high and low of Rs. 217.20 and Rs. 211.50 respectively. So far 98283 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 245.00 on 01-Jul-2011 and a 52 week low of Rs. 150.40 on 20-Jan-2011.

Last one week high and low of the scrip stood at Rs. 223.00 and Rs. 208.10 respectively. The current market cap of the company is Rs. 10176.77 crore.

The promoters holding in the company stood at 36.54% while Institutions and Non-Institutions held 46.78% and 16.68% respectively. 

LIC Housing Finance, a subsidiary of Life Insurance Corporation, is eyeing to raise at least Rs 200 crore ($37.6 million) through five-year bonds at a coupon rate of 9.50 percent. Kotak Mahindra Bank is the sole arranger to the deal.

LIC Housing Finance is the second largest housing finance player in India. It has one of the widest networks of 205 offices across the country and representative offices at Dubai and Kuwait.

The company’s net profit after tax for the quarter has declined by 57.99% at Rs 98.39 crore as compared to Rs 234.21 crore for the September quarter of the previous fiscal. Its total income has increased by 36.83% at Rs 1515.37 crore for the Q2FY12 from Rs 1107.45 crore for Q2FY11.

LIC Housing Finance Share Price

583.90 1.45 (0.25%)
23-Dec-2024 11:23 View Price Chart
Peers
Company Name CMP
LIC Housing Finance 583.90
Housing & Urban Dev. 238.90
Bajaj Housing Financ 126.90
Sammaan Capital 151.20
PNB Housing Finance 858.80
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